Greenlite Ventures Inc (GRNL)

[HardMoney84]

Greenlite Announces Revised LOI for German Carbon Credit Trader Advantag AG (M&A)
Greenlite Carbon Credits,Advantag AG
Date: 2012-09-10
Following on our March 30, 2012 coverage, Blaine, Washington-based Greenlite Ventures Inc. has revised it's leter of intent to acquire a 66.67% stake in German carbon credit trader Advantag AG. Advantag is a member of numerous European carbon exchanges, including the Carbon Trade Exchange London / Melbourne , the Green Market Exchange of the Bavarian Exchange in Munich, Climex in the Netherlands and the KBB Bratislava.
Advantag AG reported gross carbon credit sales of approximately €2,400,000 ($3,070,000) for the year ended December 31, 2011 and gross sales of approximately €1,256,000 ($1,600,000) for the six months ended June 30, 2012. (Source: GreenLite Ventures, PR, 10 Sept., 2012) Contact: Howard Thomson, [phone], [e-mail], www.greenlitecarboncredits.com

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